To be honest, I haven't a clue!,,,,but rearranging the deckchairs isn't going to do anything, replacing Starmer with someone who is going to continue with the same policies isn't going to get anywhere.
Obviously I would prefer someone who would reaffirm Labour's traditional roots and values, but I can't see anyone who might do that is in with a shout!
To go off on a tangent, Starmer
has reaffirmed Labour’s traditional roots and values: high taxes, high spending, interference in the economy, social conservatism, Atlanticism. His is a recognisably “old Labour” government. It’s just that this is either entirely outdated or it doesn’t appeal to the people who actually vote Labour nowadays. It’s designed to appeal to Bert the steelworker in Durham. Bert died twenty years ago and his son loves Farage!
Sad but true.... The backbenchers have shown precious little discipline. There are good reasons why one might not support the (not that severe) welfare reforms proposed on a point of principle but back benchers do need to allow the government to govern.
Another major issue with politics in recent years is that whereas MPs used to be almost amateurs, and regarded themselves as there to support the party leadership- “I always voted at my party’s call, I never thought of thinking for myself at all”- nowadays they are professionals, who try to establish themselves as “local champions”. This creates a tendency to hostility to any kind of change- especially a tendency to Nimbyism. This is one area where I admire the brutal conformity of the SNP!
It does depend on what the spending is on.
"Creditcard" type spending (tax cuts, more pension benefits, and other day to day spending) is not what is needed.
"Mortgage" type spending (infrastructure, replacing old hospitals, etc) is what is needed.
The Bond Markets will react differently to each.
The country could definitely do with a huge package of “mortgage” spending- one of the ways we can break out of our economic torpor- with rail as a major component- but let’s be real, a government of the Labour left is going to be offering more of the “credit card” (great analogy btw) stuff. It’s one reason why farmers are so bitter about the tax hike- centuries of work sold to fund this year’s benefits bill.